Cairn India is one of the largest independent oil and gas exploration and production companies in India with a market capitalisation of around US$ 10 billion.
It operates around 30 per cent of India's domestic crude oil production. Through its affiliates, Cairn India has been operating for close to 20 years playing an active role in developing India's oil and gas resources. Till now Cairn India has opened four frontier basins with over 40 discoveries out of which 31 are in Rajasthan alone.
The Mangala field in Rajasthan, discovered in January 2004, is the largest onshore oil discovery in the country in more than two decades. Mangala, Bhagyam and Aishwariya fields, which are major discoveries in the Rajasthan block, have gross ultimate oil recovery of over 1 billion barrels.
Cairn India has a portfolio of nine blocks - one block in Rajasthan, which contains multiple assets; two on the west coast; four on the east coast; and one each in Sri Lanka and South Africa. Oil and gas is currently being produced from Rajasthan, Ravva and Cambay.